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President Obama, lawmakers meet on shutdown's 2nd day

  • House Speaker John Boehner of Ohio walks to his office on Capitol Hill in Washington, Wednesday, Oct. 2, 2013. (AP Photo/ Evan Vucci)

WASHINGTON — President Barack Obama brought congressional leaders to the White House on Wednesday for the first time since a partial government shutdown began, but there was no sign of progress toward ending an impasse that has idled 800,000 federal workers and curbed services around the country.

The standoff continued after a White House summit with chief executives as financial leaders and Wall street urged a resolution before serious damage is done to the U.S. and world economy.

The stock market ended lower as Wall Street CEOs, Europe's central banker and traders pressed for a solution before serious damage is done to the economy

U.S. Government Shutdown

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Obama "refuses to negotiate," House Speaker John Boehner, R-Ohio., told reporters after private talks that lasted more than an hour. "All we're asking for here is a discussion and fairness for the American people under Obamacare."

But Senate Majority Leader Harry Reid of Nevada said moments later, "We're locked in tight on Obamacare" and neither the president nor Democrats will accept changes in the nation's 3-year-old health care law as the price for spending legislation needed to end the two-day partial shutdown.

With the nation's ability to borrow money soon to lapse, Republicans and Democrats alike said the shutdown could last for two weeks or more, and soon oblige a divided government to grapple with both economy-threatening issues at the same time.

The White House said in a statement after the meeting that Obama had made it clear "he is not going to negotiate over the need for Congress to act to reopen the government or to raise the debt limit to pay the bills Congress has already incurred."

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